Analysts expect that PCM Inc (NASDAQ:PCMI) will report $548.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for PCM’s earnings, with the highest sales estimate coming in at $552.20 million and the lowest estimate coming in at $544.21 million. PCM posted sales of $542.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1%. The firm is expected to announce its next earnings report before the market opens on Thursday, April 25th.
According to Zacks, analysts expect that PCM will report full year sales of $2.21 billion for the current fiscal year. For the next fiscal year, analysts expect that the business will post sales of $2.27 billion, with estimates ranging from $2.25 billion to $2.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for PCM.
PCM (NASDAQ:PCMI) last announced its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $564.12 million for the quarter, compared to the consensus estimate of $511.56 million. PCM had a return on equity of 18.78% and a net margin of 1.05%.
A number of research analysts have recently issued reports on PCMI shares. Zacks Investment Research downgraded PCM from a “buy” rating to a “hold” rating in a research note on Wednesday, December 26th. ValuEngine raised PCM from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub raised PCM from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Roth Capital boosted their price objective on PCM from $24.20 to $29.60 and gave the company a “buy” rating in a research note on Thursday, February 7th. Finally, TheStreet raised PCM from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.20.
Shares of NASDAQ:PCMI opened at $29.23 on Friday. The stock has a market capitalization of $357.95 million, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 1.04. PCM has a 1 year low of $9.35 and a 1 year high of $39.69.
A number of institutional investors have recently modified their holdings of PCMI. Wells Fargo & Company MN increased its position in PCM by 183.7% in the 3rd quarter. Wells Fargo & Company MN now owns 25,232 shares of the specialty retailer’s stock valued at $494,000 after buying an additional 16,339 shares in the last quarter. BlackRock Inc. increased its position in PCM by 69.3% in the 3rd quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock valued at $5,318,000 after buying an additional 111,375 shares in the last quarter. Tower Research Capital LLC TRC increased its position in PCM by 551.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,781 shares of the specialty retailer’s stock valued at $191,000 after buying an additional 8,280 shares in the last quarter. Citadel Advisors LLC bought a new stake in PCM in the 3rd quarter valued at about $340,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in PCM in the 3rd quarter valued at about $313,000. 56.28% of the stock is owned by institutional investors and hedge funds.
PCM Company Profile
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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